PHILIPPINE CROP INSURANCE CORPORATIONPRODUCTION TARGETSFY 2012

COB. 2012Rate Amount

A. REGULAR LINES

PALAY Market Size (No. of Farmers) 189,887 Coverage (Has.) 285,995 Amount of Cover 5,248,579,000.00 Estimated Insurance Premiums Farmers & LIs 6.00% 314,914,740.00 Government 300,000,140.35 Total Insurance Prems. 614,914,880.35 Estimated Losses-Direct Business 6.90% 362,151,951.00 Reinsurance Ceded Treaty 0.71% 37,264,910.90

CORN 1.30 Market Size (No. of Farmers) 19,464 Coverage (Has.) 20,505 Amount of Cover 357,140,000.00 Estimated Insurance Premiums Farmers & LIs 11.00% 39,285,400.00 Government 33,771,009.68 Total Insurance Prems. 73,056,409.68 Estimated Losses-Direct Business 5.09% 18,178,426.00 Reinsurance Ceded Treaty 0.00% -

TOTAL REGULAR LINES Market Size (No. of Farmers) 209,351 Coverage (Has.) 306,500 Amount of Cover 5,605,719,000.00 Estimated Insurance Premiums Farmers & LIs 354,200,140.00 Government 333,771,150.03 Total Insurance Prems. 687,971,290.03 Estimated Losses-Direct Business 380,330,377.00 Reinsurance Premium Ceded 37,264,910.90 Returns & Cancellations 0.00% - Commission/Service Expense 2.00% 7,084,002.80 Premium Discount - (F/LI) Premium Discount - (GPS) -

COB. 2012Rate Amount

B. LIVESTOCK INSURANCE 1.10 Amount of Cover 682,031,000.00 Estimated Insurance Premiums 4.00% 27,281,240.00 Estimated Losses-Direct Business 1.00% 6,820,310.00 Reinsurance Premium Ceded -Facul 0.75% 5,115,232.50 Loss Recoveries 40.00% 2,728,124.00 Commission/Service Expense 7.00% 1,909,686.80

C. NON-CROP INSURANCE LINE Amount of Cover 1,226,356,000.00 Estimated Insurance Premiums 1.00% 12,263,560.00 Estimated Losses-Direct Business 0.02% 245,271.20 Reinsurance Premium Ceded-Facul 0.30% 3,679,068.00 Loss Recoveries 15.00% 36,790.68 Commission/Service Expense 10.00% 1,226,356.00

D. HIGH VALUE CROPS Amount of Cover 215,396,500.00 Estimated Insurance Premiums 3.00% 6,461,895.00 Estimated Losses-Direct Business 0.50% 1,076,982.50 Reinsurance Premium Ceded-Facul 1.50% 3,230,947.50 Loss Recoveries 50.00% 538,491.25 Commission/Service Expense 2.00% 129,237.90

F. FISHERIES Amount of Cover 244,507,000.00 Estimated Insurance Premiums 4.00% 9,780,280.00 Estimated Losses-Direct Business 1.00% 2,445,070.00 Reinsurance Premium Ceded-Facul 2.00% 4,890,140.00 Loss Recoveries 50.00% 1,222,535.00 Commission/Service Expense 2.00% 195,605.60

E. TERM INSURANCE Amount of Cover 2,016,496,000.00 Estimated Insurance Premiums 1.00% 20,164,960.00 Estimated Losses-Direct Business 0.10% 2,016,496.00 Commission/Service Expense 20.00% 4,032,992.00

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